Albemarle (ALB - Get Report), a supplier of flame retardants, said Friday it will raise prices for the specialty alumina products Martoxid and Compalox, and three other aluminum trihydrate-based products for the paper and board industry, by up to 15%. The price increase is effective Oct. 1, or as contracts allow.The new prices will remain effective for a maximum period of three months, given the extreme volatility in raw materials and energy costs, the company said. The company said the price increases are needed to support ongoing investment in new, improved products and capacity expansions, and to allow the company to maintain a high standard of technical support and service to its customers, the Richmond, Va.-based company said.
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